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Leasing Companies Allege Flair Airlines Failed to Make Rent Payments, Ignored Default Notices
- In 2023, leasing firms repossessed four planes from Flair Airlines at several Canadian airports and responded with a $30.9 million counterclaim, accusing the airline of missing rent payments and disregarding multiple default warnings.
- The seizures followed months of Flair regularly missing payments despite lessors' repeated warnings, while Flair alleges no notice was given and claims the seizures were unlawful.
- Seizures occurred overnight at airports in Toronto, Edmonton, and Waterloo to avoid disrupting passengers, with lessors stating the actions protected aircraft value and were unrelated to third-party deals.
- Flair CEO Maciej Wilk described the lessors' counterclaim as a "predictable response" to Flair's $50-million lawsuit filed in March 2023, with all legal allegations yet untested in court.
- The airline's fleet was reduced by over a fifth due to these seizures, forcing multiple flight cancellations, while Flair maintains focus on positive stakeholder relations and its strategy as Canada's affordable carrier.
19 Articles
19 Articles
Leasing Companies Allege Flair Failed to Make Rent Payments, Ignored Default Notices
Plane-leasing companies that seized four aircraft from Flair Airlines in 2023 are seeking damages from the budget carrier, alleging it failed to make rent payments by the deadline and ignored repeated default notices. The allegations were detailed in a statement of defence and counterclaim for US$30.9 million filed in Ontario Superior Court on June 26. In March 2023, Flair Airlines filed a $50-million lawsuit against Irish-based Airborne Capital…
Flair Airlines failed to make rent payments before planes seized, leasing companies allege
Plane-leasing companies that seized four aircraft from Flair Airlines in 2023 are seeking damages from the budget carrier, with allegations detailed in a statement of defence and counterclaim for $30.9 million US filed in Ontario Superior Court.
The Hamilton Spectator
Leasing companies allege Flair failed to make rent payments, ignored default notices
Plane-leasing companies that seized four aircraft from Flair Airlines in 2023 are seeking damages from the budget carrier, alleging it failed to make rent payments by the deadline and ignored repeated default notices.
The airline reportedly omitted payments and ignored repeated notices. The post Rental companies claim damages of US$30 million to Flair Airlines appeared first on Les Affaires.
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